Cao Heping, a well-known economist and professor at the School of Economics of Peking University, said in an interview with the China News Service that the price increase of meat and egg products has nothing to do with the double knots. This year, the company’s inventory pressure is high. Most of the products will be sold at a reduced price, so they are not There will be a rapid rise in prices.
BEIJING, September 5 (Financial Channel Qin Chen) The National Day Mid-Autumn Festival is approaching. "Every festival must rise" seems to have become a market practice. Egg prices soared, pork prices started to rise, edible oil prices were raised before the holiday, and even the Kweichow Moutai Group, which had just been caught up in public opinion due to "national liquor Maotai," once again announced the increase in the ex-factory price of some products. In this regard, the famous economist, Peking University School of Economics professor Cao Heping said in an interview with the China Newcommercial Finance Channel, meat and egg products prices have nothing to do with the double, this year's corporate inventory pressure, the vast majority of products will be price promotions Therefore, there will be no rapid increase in prices.
According to the latest market monitoring data released by the Ministry of Commerce recently, the grain, oil, meat, eggs, and vegetables that are inseparable from the people’s lives are all bullish. Among them, the price of eggs known as "Rocket Eggs" has risen by nearly 20% within a month. The price of pork, which is still relatively low, is gradually picking up. According to "Shandong Daily" reported yesterday that some consumers have worried about the price of meat before the Mid-Autumn Festival, has launched a "fat meat" action.
In this regard, Cao Heping pointed out that the recent rise in pork prices and egg prices has nothing to do with the approaching National Day Mid-Autumn Festival. “But when the Mid-Autumn Festival takes a holiday, the consumption of meat and eggs will increase, plus the increase in food prices and energy prices. I expect pork to be tight during the holidays.â€
In addition to the increase in meat and eggs prices, the “Nanfang Daily†reported on the 4th that due to the reduction of soybeans caused by droughts in the United States and other countries, soybean futures and spot prices continued to rise, and there was a widespread news in the industry that prices of edible oil would rise before the festival. . In response to this, the edible oil production companies all said in the media consultation that they would “not increase in the short termâ€, but there was no clear response to the short-term deadline. Industry analysts believe that before the National Day of the Mid-Autumn Festival, the trend of the edible oil market must be based on rising prices. During the two festivals, consumption will peak.
The Kweichow Moutai Group, which had just been pushed onto the cusp of public opinion immediately after the “national liquor Maotai†incident, announced on the 3rd that due to September 1, 2012, the factory price of some products would be appropriately raised by about 20% to 30%. The statement pointed out that this adjustment does not involve the market-guided price of the company's products. However, some analysts believe that this move will be passed to the retail market, driving the overall price increase of 10% to 20%. The combing of the price point of time over the years can be found, the National Day before the Mid-Autumn Festival prices seem to have become Maotai's "iron law."
At this point, some industries began to show price increases. Will the rise of prices rise due to the arrival of a double festival? “The festival economy is characterized by a short-term upswing and it will come down in the short term.†Cao Heping pointed out that in the short term, the prices of products that cannot be stockpiled will rise. He cited as an example: "As in the past, the highway, the railway, and the plane were crowded with people. As a result, the hotel increased the price, the ticket price increased, and the ticket price increased. This is the holiday economic phenomenon. It is unlikely that we will build a new hotel because we are approaching the May 1 holiday. The size of the hotel cannot be increased, so we can only increase the price. After the holiday demand increases, the price of products with zero elasticity will increase."
However, Cao Heping told the China-Singapore Finance Channel that this year's company's inventory pressure is very heavy, there are more backlogs of goods, and prices will not rise rapidly. He said: “At present, China’s total retail sales of social goods have risen by 12%, while in the previous five years, this figure has remained above 17%. The pressure on corporate stocks should be great, so now the prices of individual commodities may not In addition to the promotion, the vast majority of related products will be reduced in price and sales. Enterprises are eager to ship. Therefore, prices will not rise rapidly."
BEIJING, September 5 (Financial Channel Qin Chen) The National Day Mid-Autumn Festival is approaching. "Every festival must rise" seems to have become a market practice. Egg prices soared, pork prices started to rise, edible oil prices were raised before the holiday, and even the Kweichow Moutai Group, which had just been caught up in public opinion due to "national liquor Maotai," once again announced the increase in the ex-factory price of some products. In this regard, the famous economist, Peking University School of Economics professor Cao Heping said in an interview with the China Newcommercial Finance Channel, meat and egg products prices have nothing to do with the double, this year's corporate inventory pressure, the vast majority of products will be price promotions Therefore, there will be no rapid increase in prices.
According to the latest market monitoring data released by the Ministry of Commerce recently, the grain, oil, meat, eggs, and vegetables that are inseparable from the people’s lives are all bullish. Among them, the price of eggs known as "Rocket Eggs" has risen by nearly 20% within a month. The price of pork, which is still relatively low, is gradually picking up. According to "Shandong Daily" reported yesterday that some consumers have worried about the price of meat before the Mid-Autumn Festival, has launched a "fat meat" action.
In this regard, Cao Heping pointed out that the recent rise in pork prices and egg prices has nothing to do with the approaching National Day Mid-Autumn Festival. “But when the Mid-Autumn Festival takes a holiday, the consumption of meat and eggs will increase, plus the increase in food prices and energy prices. I expect pork to be tight during the holidays.â€
In addition to the increase in meat and eggs prices, the “Nanfang Daily†reported on the 4th that due to the reduction of soybeans caused by droughts in the United States and other countries, soybean futures and spot prices continued to rise, and there was a widespread news in the industry that prices of edible oil would rise before the festival. . In response to this, the edible oil production companies all said in the media consultation that they would “not increase in the short termâ€, but there was no clear response to the short-term deadline. Industry analysts believe that before the National Day of the Mid-Autumn Festival, the trend of the edible oil market must be based on rising prices. During the two festivals, consumption will peak.
The Kweichow Moutai Group, which had just been pushed onto the cusp of public opinion immediately after the “national liquor Maotai†incident, announced on the 3rd that due to September 1, 2012, the factory price of some products would be appropriately raised by about 20% to 30%. The statement pointed out that this adjustment does not involve the market-guided price of the company's products. However, some analysts believe that this move will be passed to the retail market, driving the overall price increase of 10% to 20%. The combing of the price point of time over the years can be found, the National Day before the Mid-Autumn Festival prices seem to have become Maotai's "iron law."
At this point, some industries began to show price increases. Will the rise of prices rise due to the arrival of a double festival? “The festival economy is characterized by a short-term upswing and it will come down in the short term.†Cao Heping pointed out that in the short term, the prices of products that cannot be stockpiled will rise. He cited as an example: "As in the past, the highway, the railway, and the plane were crowded with people. As a result, the hotel increased the price, the ticket price increased, and the ticket price increased. This is the holiday economic phenomenon. It is unlikely that we will build a new hotel because we are approaching the May 1 holiday. The size of the hotel cannot be increased, so we can only increase the price. After the holiday demand increases, the price of products with zero elasticity will increase."
However, Cao Heping told the China-Singapore Finance Channel that this year's company's inventory pressure is very heavy, there are more backlogs of goods, and prices will not rise rapidly. He said: “At present, China’s total retail sales of social goods have risen by 12%, while in the previous five years, this figure has remained above 17%. The pressure on corporate stocks should be great, so now the prices of individual commodities may not In addition to the promotion, the vast majority of related products will be reduced in price and sales. Enterprises are eager to ship. Therefore, prices will not rise rapidly."
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